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Accounts Receivable Discount Programs (Tables)

12 Months Ended

Mar. 31, 2018

Accounts Receivable Discount Programs [Abstract]

Schedule of accounts receivable discount programs

The following is a summary of the Company’s accounts receivable discount programs:

		Years Ended March 31,
		2018				2017
Receivables discounted		$	357,224,000			$	352,369,000
Weighted average days			340				342
Weighted average discount rate			3.3	%			2.9	%
Amount of discount as interest expense		$	11,182,000			$	9,724,000

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- Definition

Tabular disclosure of accounts receivable factored out to banks. Disclosure includes amounts factored, weighted average days, weighted average discount rate and amount of discount.

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